In-depth reporting on Malaysia and the region.
Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi testified in the High Court that he cannot account for why allegations levelled against him by the fund differed from those in a separate legal action commenced in 2021.
A Royal Commission of Inquiry has exposed how Tabung Haji's investment in Putrajaya Perdana and overlapping leadership roles entangled the Islamic pilgrimage fund in 1MDB deals, resulting in RM145.3 million in losses among broader governance failures.
Former Prime Minister Najib Tun Razak told the High Court he returned US$620 million to foreign sources after the 2013 general election because he was uncomfortable retaining the money.
The High Court heard evidence that a US$620 million sum returned by former Prime Minister Najib Razak in 2013 was transferred directly back to its originating source rather than being deposited into any of his personal bank accounts.
The High Court heard evidence that the Auditor General faced restrictions when attempting to examine Datuk Seri Najib Razak's personal bank accounts as part of its comprehensive audit into 1Malaysia Development Berhad.
A financial fraud investigator told the High Court he never examined whether US$620m returned by Najib Razak was rerouted elsewhere, raising questions about the thoroughness of 1MDB investigations.
Former Prime Minister Najib Razak's legal representatives have questioned the impartiality of investigators into the 1MDB fund movement, citing the timing of the probe's commencement relative to legal proceedings.
Malaysia's anti-corruption commission will lead a new ASEAN training programme on asset recovery, sharing expertise gained from handling the 1MDB case to strengthen regional corruption-fighting capabilities.
The United States has returned over USD1.37 billion in assets derived from 1Malaysia Development Berhad fund misappropriation to Malaysia, according to the Minister in the Prime Minister's Department, though significant sums remain frozen in multiple jurisdictions.
Housing and Local Government Minister Nga Kor Ming has reaffirmed his willingness to resign from cabinet if former Prime Minister Najib Razak is released without serving a sentence proportionate to his conviction.